INDEPENDENT AUDITOR S REPORT
|
|
- Chastity McGee
- 5 years ago
- Views:
Transcription
1 EY 102 Rivonia Road Sandton Private Bag X14 Sandton 2146 Ernst & Young Incorporated Co. Reg. No. 2005/002308/21 Tel: +27 (0) Fax: +27 (0) Docex 123 Randburg ey.com INDEPENDENT AUDITOR S REPORT To the shareholders of AngloGold Ashanti Limited REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS We have audited the consolidated and separate financial statements of AngloGold Ashanti Limited set out on pages 43 to 179, which comprise the statements of financial position as at 31 December 2014 and the statements of comprehensive income, statements of changes in equity and statements of cash flows for the year then ended, and the notes, comprising a summary of significant accounting policies and other explanatory information. DIRECTORS RESPONSIBILITY FOR THE CONSOLIDATED FINANCIAL STATEMENTS The company s directors are responsible for the preparation and fair presentation of these consolidated and separate financial statements in accordance with International Financial Reporting Standards and the requirements of the Companies Act of South Africa, and for such internal control as the directors determine is necessary to enable the preparation of consolidated and separate financial statements that are free from material misstatement, whether due to fraud or error. AUDITOR S RESPONSIBILITY Our responsibility is to express an opinion on these consolidated and separate financial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the consolidated and separate financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor s judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. OPINION In our opinion, the consolidated and separate financial statements present fairly, in all material respects, the consolidated and separate financial position of AngloGold Ashanti as at 31 December 2014, and its consolidated and separate financial performance and consolidated and separate cash flows for the year then ended in accordance with International Financial Reporting Standards, and the requirements of the Companies Act of South Africa. ANNUAL FINANCIAL STATEMENTS
2 OTHER REPORTS REQUIRED BY THE COMPANIES ACT As part of our audit of the consolidated and separate financial statements for the year ended 31 December 2014, we have read the Directors Report, the Audit and Risk Committee s Report and the Company Secretary s Certificate for the purpose of identifying whether there are material inconsistencies between these reports and the audited consolidated and separate financial statements. These reports are the responsibility of the respective preparers. Based on reading these reports we have not identified material inconsistencies between these reports and the audited consolidated and separate financial statements. However, we have not audited these reports and accordingly do not express an opinion on these reports. Ernst & Young Inc Director Roger Hillen Registered Auditor Chartered Accountant (SA) 102 Rivonia Road, Sandton, Johannesburg 19 March 2015 ANNUAL FINANCIAL STATEMENTS
3 GROUP INCOME STATEMENT For the year ended 31 December Figures in millions Notes Revenue 3 5,378 5,708 6,632 Gold income 2,3 5,218 5,497 6,353 Cost of sales 4 (4,190) (4,146) (3,964) Gain (loss) on non-hedge derivatives and other commodity contracts (35) Gross profit 2 1,043 1,445 2,354 Corporate administration, marketing and other expenses 5 (92) (201) (291) Exploration and evaluation costs (144) (255) (395) Other operating expenses 6 (28) (19) (47) Special items 7 (260) (3,410) (402) Operating profit (loss) 519 (2,440) 1,219 Dividends received Interest received Exchange (loss) gain (7) 14 8 Finance costs and unwinding of obligations 8 (278) (296) (231) Fair value adjustment on $1.25bn bonds (17) (58) - Fair value adjustment on option component of convertible bonds Fair value adjustment on mandatory convertible bonds Share of associates and joint ventures' loss 9 (25) (162) (30) Profit (loss) before taxation 216 (2,533) 1,261 Taxation 12 (255) 333 (346) (Loss) profit for the year (39) (2,200) 915 Allocated as follows Equity shareholders (58) (2,230) 897 Non-controlling interests (39) (2,200) 915 Basic (loss) earnings per ordinary share (cents) 13 (14) (568) 232 Diluted (loss) earnings per ordinary share (cents) 13 (14) (631) 177 ANNUAL FINANCIAL STATEMENTS
4 GROUP STATEMENT OF COMPREHENSIVE INCOME For the year ended 31 December Figures in million (Loss) profit for the year (39) (2,200) 915 Items that will be reclassified subsequently to profit or loss: Exchange differences on translation of foreign operations (201) (433) (92) Net loss on available-for-sale financial assets - (23) (27) Release on impairment of available-for-sale financial assets (note 7) Release on disposal of available-for-sale financial assets (1) (1) - Cash flow hedges Deferred taxation thereon (1) (5) Items that will not be reclassified subsequently to profit or loss: Actuarial (loss) gain recognised (22) 69 (14) Deferred taxation rate change thereon - - (9) Deferred taxation thereon 6 (20) 3 (16) 49 (20) Other comprehensive loss for the year, net of tax (217) (375) (117) Total comprehensive (loss) income for the year, net of tax (256) (2,575) 798 Allocated as follows Equity shareholders (275) (2,605) 780 Non-controlling interests (256) (2,575) 798 ANNUAL FINANCIAL STATEMENTS
5 GROUP STATEMENT OF FINANCIAL POSITION As at 31 December Figures in millions Notes ASSETS Non-current assets Tangible assets 15 4,863 4,815 7,776 Intangible assets Investments in associates and joint ventures 18 1,427 1,327 1,047 Other investments Inventories Trade and other receivables Deferred taxation Cash restricted for use Other non-current assets ,485 7,404 10,127 Current assets Other investments Inventories ,053 1,213 Trade and other receivables Cash restricted for use Cash and cash equivalents ,649 2,117 2,612 Non-current assets held for sale ,649 2,270 2,612 Total assets 9,134 9,674 12,739 EQUITY AND LIABILITIES Share capital and premium 26 7,041 7,006 6,742 Accumulated losses and other reserves (4,196) (3,927) (1,269) Shareholders' equity 2,845 3,079 5,473 Non-controlling interests Total equity 2,871 3,107 5,494 Non-current liabilities Borrowings 27 3,498 3,633 2,724 Environmental rehabilitation and other provisions 28 1, ,238 Provision for pension and post-retirement benefits Trade, other payables and deferred income Derivatives Deferred taxation ,084 5,279 5,331 5,287 Current liabilities Borrowings Trade, other payables and deferred income Bank overdraft Taxation ,179 1,958 Non-current liabilities held for sale ,236 1,958 Total liabilities 6,263 6,567 7,245 Total equity and liabilities 9,134 9,674 12,739 ANNUAL FINANCIAL STATEMENTS
6 GROUP STATEMENT OF CASH FLOWS For the year ended 31 December Figures in millions Notes Cash flows from operating activities Receipts from customers 5,351 5,709 6,523 Payments to suppliers and employees (3,978) (4,317) (4,173) Cash generated from operations 33 1,373 1,392 2,350 Dividends received from joint ventures Taxation refund Taxation paid 32 (194) (187) (507) Net cash inflow from operating activities 1,220 1,246 1,969 Cash flows from investing activities Capital expenditure - project capital (289) (594) (779) - stay-in-business capital (724) (907) (1,146) Interest capitalised and paid (1) (5) (12) Expenditure on intangible assets (5) (68) (79) Proceeds from disposal of tangible assets Other investments acquired (79) (91) (97) Proceeds from disposal of other investments Investments in associates and joint ventures (65) (472) (349) Proceeds from disposal of associates and joint ventures Loans advanced to associates and joint ventures (56) (41) (65) Loans repaid by associates and joint ventures Dividends received Proceeds from disposal of subsidiary 25, Cash in subsidiary acquired Cash in subsidiary disposed (31) Cash balances in assets held for sale 2 (2) - Acquisition of subsidiary and loan (335) Decrease (increase) in cash restricted for use 24 (20) (3) Interest received Loans advanced - - (45) Net cash outflow from investing activities (943) (2,040) (2,775) Cash flows from financing activities Proceeds from issue of share capital Proceeds from borrowings 611 2,344 1,432 Repayment of borrowings (761) (1,486) (217) Finance costs paid (245) (200) (145) Acquisition of non-controlling interest - - (215) Revolving credit facility and bond transaction costs (9) (36) (30) Dividends paid (17) (62) (236) Net cash (outflow) inflow from financing activities (421) Net decrease in cash and cash equivalents (144) (234) (215) Translation (16) (30) (5) Cash and cash equivalents at beginning of year ,112 Cash and cash equivalents at end of year ANNUAL FINANCIAL STATEMENTS
7 GROUP STATEMENT OF CHANGES IN EQUITY Figures in million Share capital and premium Other capital reserves (1) Equity holders of the parent Accumulated losses (2) Cash flow hedge reserve (3) Availablefor-sale reserve (4) Actuarial (losses) gains Foreign currency translation reserve Total Noncontrolling interests Total equity Balance at 31 December , (1,351) (2) 18 (73) (469) 4, ,120 Profit for the year Other comprehensive loss (5) (20) (92) (117) (117) Total comprehensive income (loss) (5) (20) (92) Shares issued Share-based payment for share awards net of exercised Acquisition of non-controlling interest (5) (144) (144) (71) (215) Disposal of subsidiary (6) - (45) (45) Dividends paid (note 14) (215) (215) (215) Dividends of subsidiaries - (17) (17) Translation (9) (1) - Balance at 31 December , (806) (2) 13 (90) (561) 5, ,494 Loss for the year (2,230) (2,230) 30 (2,200) Other comprehensive income (loss) (433) (375) (375) Total comprehensive (loss) income - - (2,230) (433) (2,605) 30 (2,575) Shares issued (7) Share-based payment for share awards net of exercised (8) (13) (13) (13) Dividends paid (note 14) (40) (40) (40) Dividends of subsidiaries - (23) (23) Translation (28) 15 (3) Balance at 31 December , (3,061) (1) 18 (25) (994) 3, ,107 Loss for the year (58) (58) 19 (39) Other comprehensive loss (16) (201) (217) (217) Total comprehensive loss - - (58) - - (16) (201) (275) 19 (256) Shares issued Share-based payment for share awards net of exercised Dividends of subsidiaries - (21) (21) Translation (10) 10 (1) Balance at 31 December , (3,109) (1) 17 (40) (1,195) 2, ,871 (1) Other capital reserves includes a surplus on disposal of company shares held by companies prior to the formation of AngloGold Ashanti Limited of $12m (2013: $14m; 2012: $17m), surplus on equity transaction of joint venture of $36m (2013: $36m; 2012: $36m), share of associates and joint ventures' other comprehensive loss of $1m (2013: $2m; 2012: $1m), equity items for share-based payments of $82m (2013: $85m; 2012: $123m) and other reserves. (2) Included in accumulated losses are retained earnings totaling $184m (2013: $83m; 2012: $181m) arising at equity accounted investments which may not be remitted without third party consent. (3) Cash flow hedge reserve represents the effective portion of fair value gains or losses in respect of cash flow hedges that expired in prior periods. The cash flow hedge reserve shall remain in equity and will unwind over the life of Serra Grande mine. (4) Available-for-sale reserve represents fair value gains or losses on available-for-sale financial assets. (5) On 28 June 2012, AngloGold Ashanti Limited acquired the remaining 50% shareholding in the Serra Grande mine from Kinross Gold Corporation for $220m less $5m for dividends declared and paid to minorities. (6) In early December 2012, AngloGold Ashanti Limited disposed of a 5% interest in Rand Refinery (Pty) Limited, resulting in Rand Refinery (Pty) Limited being reported as an associate. (7) Includes share awards exercised and delivery of 18,140,000 shares to settle the outstanding 6% Mandatory Convertible Subordinated Bonds. (8) Includes reassessment of estimated vesting profile related to the accelerated share options. ANNUAL FINANCIAL STATEMENTS
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS Consolidated Income Statement 35 Consolidated Statement of Comprehensive Income 36 Consolidated Statement of Financial Position 37 Consolidated Statement of Changes In Equity 38 Consolidated
More informationFinancial Statement Balance Sheet
Financial Statement Balance Sheet Provided by: RUENTEX INDUSTRIES LIMITED Finacial year: Yearly Accounting Title 2016/12/31 Balance Sheet Assets Current assets Cash and cash equivalents Total cash and
More informationAccounting Title 2016/3/ /12/ /3/31 Balance Sheet
Financial Statement Balance Sheet Accounting Title 2016/3/31 2015/12/31 2015/3/31 Balance Sheet Assets Current assets Cash and cash equivalents Total cash and cash equivalents 626,334 624,357 540,732 Current
More informationConsolidated Financial Statements of ANGOSTURA HOLDINGS LIMITED. December 31, 2011 (Expressed in Trinidad and Tobago Dollars)
Consolidated Financial Statements of ANGOSTURA HOLDINGS LIMITED (Expressed in Trinidad and Tobago Dollars) Limited and its subsidiaries (the Group), which comprises the consolidated statement of We have
More informationIndependent Auditor s Report to the Members of Caltex Australia Limited
61 Independent Auditor s Report to the Members of Caltex Australia Limited Report on the financial report We have audited the accompanying financial report of Caltex Australia Limited (the Company), which
More informationCOMPANY INCOME STATEMENT For the year ended 31 December
COMPANY INCOME STATEMENT The company annual financial statements represent the South African operations and corporate office. These company annual financial statements are a statutory requirement and are
More informationCaledonia Mining Corporation Plc
MANAGEMENT S RESPONSIBILITY FOR FINANCIAL INFORMATION To the Shareholders of Caledonia Mining Corporation Plc: Management has prepared the information and representations in these consolidated financial
More informationManagement s Responsibility
Management s Responsibility To the Shareholders of High Liner Foods Incorporated The management of High Liner Foods Incorporated includes corporate executives, operating and financial managers and other
More informationOverview of consolidated financial statements
Overview of consolidated financial statements Consolidated balance sheet On 31 December 2015 On 31 December 2014 In EUR millions Assets Cash and balances at central banks 64,943 43,409 Loans and advances
More informationCONTENTS CORONATION FUND MANAGERS LIMITED GROUP NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS CORONATION FUND MANAGERS LIMITED COMPANY
AUDITED ANNUAL FINANCIAL STATEMENTS 2016 CONTENTS Directors responsibility report 1 Declaration by the company secretary 1 Audit and risk committee report 2 Independent auditor s report 4 CORONATION FUND
More informationReference. PwC Holdings Ltd and Its Subsidiaries Consolidated Income Statement for the financial year ended 31 December 2003
Consolidated Income Statement (Alternative 1: Illustrating the classification of expenses by function) 2 The Group FRS 1(77,82) SGX 1207(5)(a) Sales Cost of sales Gross profit 5,15 (24,512) 28,80 42,5
More informationabridged financial statements for the year ended 31 March 2013
abridged financial statements for the year ended 31 March 2013 MEDICLINIC INTEGRATED ANNUAL REPORT 2013 119 independent auditor s report TO THE shareholders of mediclinic international LIMITED The abridged
More informationPAGE 48 ASSORE INTEGRATED ANNUAL REPORT 2014
PAGE 48 ASSORE INTEGRATED ANNUAL REPORT Overview Strategy and risk Reviews and reports Financial statements PAGES 50 128 Two furnaces under construction at Sakura Ferroalloys, Malaysia ASSORE INTEGRATED
More informationAcerinox, S.A. and Subsidiaries
Acerinox, S.A. and Subsidiaries Consolidated Annual Accounts 31 December 2016 Consolidated Directors' Report 2016 (With Auditors Report Thereon) (Free translation from the original in Spanish. In the event
More information2016/2/25 Financial Statement Balance Sheet
2016/2/25 Financial Statement Balance Sheet Financial Statement Balance Sheet Accounting Title 2015/12/31 2014/12/31 Balance Sheet Assets Current assets Cash and cash equivalents Total cash and cash equivalents
More informationAccounting Title 2014/3/ /12/ /3/31 Balance Sheet
Financial Statement Balance Sheet Accounting Title 2014/3/31 2013/12/31 2013/3/31 Balance Sheet Assets Current assets Cash and cash equivalents Total cash and cash equivalents 7,974,989 6,997,862 6,433,466
More informationAccounting Title 2017/06/ /12/ /06/30 Balance Sheet
Financial Statement Balance Sheet Provided by: FSP Technology Inc. Finacial year: Yearly Accounting Title 2017/06/30 2016/12/31 2016/06/30 Balance Sheet Assets Current assets Cash and cash equivalents
More informationGood First-time Adopter (International) Limited
Good First-time Adopter (International) Limited International GAAP Illustrative financial statements of a first-time adopter for the year ended 31 December 2012 Based on International Financial Reporting
More informationCondensed consolidated income statement For the half-year ended June 30, 2009
Condensed consolidated income statement For the half-year ended June Restated* December Notes Revenue 2 5,142 4,049 9,082 Cost of sales (4,054) (3,214) (7,278) Gross profit 1,088 835 1,804 Other operating
More informationFINANCIAL STATEMENTS. Contents Primary statements. Notes to the financial statements A Basis of preparation
FINANCIAL STATEMENTS Contents Primary statements Consolidated income statement Consolidated statement of comprehensive income Consolidated balance sheet Consolidated statement of changes in equity Consolidated
More informationASSETS 31 December December 2016
Condensed Consolidated Interim Balance Sheet as at 31 December 2017 ASSETS 31 December 2017 31 December 2016 Current Assets Cash and Cash Equivalents 7.132 5.159 Financial Investments 736 1.228 Trade Receivables
More informationTFG INTEGRATED ANNUAL REPORT ABOUT THIS REPORT INVESTMENT CASE OUR STRATEGY AND PERFORMANCE OUR PROFILE
INVESTMENT CASE ABOUT THIS REPORT OUR OUR OPERATING ENVIRONMENT OUR STRATEGY AND PERFORMANCE Summary consolidated statement of financial position 140 Summary consolidated income statement 141 Summary consolidated
More informationAluworks Limited Annual Return for 2015 Page 18
Report on the Financial Statements INDEPENDENT AUDITOR S REPORT TO THE MEMBERS OF We have audited the financial statements of Aluworks Limited, which comprise the statement of financial position at 31
More informationSTATEMENT OF RESPONSIBILITY BY THE BOARD
AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2 STATEMENT OF RESPONSIBILITY BY THE BOARD for the year ended 30 June The directors are responsible for the preparation, integrity and
More informationAppendices to the Annual Report for 2017
5 APPENDIX 5. CONSOLIDATED FINANCIAL STATEMENTS AND MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Appendices to the Annual Report for 2017 CONSOLIDATEDD FINANCIAL
More informationFinancial Statements. Notes to the financial statements A Basis of preparation
Financial Statements Contents Primary statements Consolidated income statement Consolidated statement of comprehensive income Consolidated balance sheet Consolidated statement of changes in equity Consolidated
More informationDIPLOMACY TRAINING PROGRAM LIMITED
Financial Report For The Year Ended 30 June 2012 HOUSTON & CO PTY LTD Chartered Accountant 30 June 2012 CONTENTS Page Directors' Report 2 Auditor's Independence Declaration 5 Statement of Comprehensive
More informationFor personal use only
To Company Announcements Office Company ASX Limited Date 23 August 2012 From Helen Hardy Pages 241 Subject RESULTS FOR ANNOUNCEMENT TO THE MARKET We attach the following documents relating to Origin Energy
More informationUnappropriated retained earnings (accumulated deficit) Total unappropriated retained earnings (accumulated deficit) 676, ,797 Total retained ear
Financial Statement Balance Sheet Accounting Title 2014/12/31 2013/12/31 Balance Sheet Assets Current assets Cash and cash equivalents Total cash and cash equivalents 1,183,185 1,177,682 Current bond investment
More informationFOR THE YEAR ENDED 31 DECEMBER 2015
CARIBBEAN CEMENT COMPANY LIMITED AND ITS SUBSIDIARIES FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015 Index to the Financial Statements Year ended Page Report 1-2 Consolidated Statement of Financial
More informationAccounting Title 2013/12/ /12/ /1/1 Balance Sheet
Financial Statement Balance Sheet Accounting Title 2013/12/31 2012/12/31 2012/1/1 Balance Sheet Assets Current assets Cash and cash equivalents Total cash and cash equivalents 471,574 507,692 394,913 Notes
More informationUS dollar million Notes $m change
financial review Production Attributable gold production of 3.94Moz for the year was 9% or 387,000oz lower than 2011. Production from the South Africa region of 1.21Moz was 412,000oz or 25% lower than
More informationAccounting Title 2016/06/ /12/ /06/30 Balance Sheet
Back>> Financial Statement Balance Sheet Provided by: FSP Technology Inc. Finacial year: Yearly Unit: NT$ thousand Accounting Title 2016/06/30 2015/12/31 2015/06/30 Balance Sheet Assets Current assets
More informationFinancial statements. Contents. Responsibility statements 94 Independent auditors report to the members of Anglo American plc 95
Contents Responsibility statements 94 Independent auditors report to the members of Anglo American plc 95 Principal statements Consolidated income statement 96 Consolidated statement of comprehensive income
More informationRonald McDonald House Charities of South Africa NPC Registration number 2012/036626/08. ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 April 2016
egistration number 2012/036626/08 ANNUAL FINANCIAL STATEMENTS FO THE YEA ENDED 30 April 2016 GENEAL INFOMATION Country of incorporation and domicile South Africa Nature of business Charitable services
More informationNet tangible asset backing per ordinary security down 30% to $3.46 $4.94
Origin Energy Limited and Controlled Entities Appendix 4E Results for announcement to the market 30 June 2017 Total Group Revenue ($million) up 16% to 14,107 12,174 Revenue ($million) - continuing operations
More informationIndependent auditors report to the members of GKN plc
.73 Independent auditors report to the members of We have audited the Group financial statements of for the year ended 31 December 2011 which comprise the Consolidated Income Statement, the Consolidated
More informationFinancial statements: contents
Section 6 Financial statements 93 Financial statements: contents Consolidated financial statements Independent auditors report to the members of Pearson plc 94 Consolidated income statement 96 Consolidated
More informationOrigin Energy Limited and Controlled Entities Appendix 4E 30 June 2015
Origin Energy Limited and Controlled Entities Appendix 4E 30 June 2015 Origin Energy Limited ABN 30 000 051 696 Origin Energy Limited and Controlled Entities Appendix 4E Results for announcement to the
More informationReport of the independent auditors
Report of the independent auditors to the members of Randgold Resources Limited We have audited the accompanying financial statements of Randgold Resources Limited (the company) which comprise the statement
More informationKCE Electronics Public Company Limited and its subsidiaries
Statements of financial position Consolidated financial Separate financial 31 December 31 December 31 December 31 December Assets Note 2014 2013 2014 2013 Current assets Cash and cash equivalents 7 463,016,990
More informationAudited consolidated annual financial statements Building a lasting legacy
Audited consolidated annual financial statements Building a lasting legacy Contents The reports and statements set out below comprise the consolidated annual financial statements presented to the shareholders:
More informationAccounting Title 2017/03/ /12/ /03/31 Balance Sheet
1 / 2 Accounting Title 2017/03/31 2016/12/31 2016/03/31 Balance Sheet Assets Current assets Cash and cash equivalents Total cash and cash equivalents 1,248,992 946,626 1,294,532 Current financial assets
More information(Expressed in Thousands of New Taiwan Dollars)
Consolidated Balance Sheets, 2017, December 31, 2016, and, 2016, 2017 December 31, 2016 (Audited), 2016 Assets Amount % Amount % Amount % Current assets: 1100 Cash and cash equivalents $ 27,532,003 18
More informationCLOSED JOINT STOCK COMPANY KYRGYZ INVESTMENT AND CREDIT BANK
CLOSED JOINT STOCK COMPANY KYRGYZ INVESTMENT AND CREDIT BANK Consolidated Financial Statements and Independent Auditor s Report For the year ended 2014 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER
More informationIBC IBC. Annual financial statements for the year ended 31 August 2014
Annual FINANCIAL STATEMENTS Contents Directors Responsibility Statement 2 Certificate by the Company Secretary 2 Directors Report 3 Audit and Risk Committee Report 4 Independent Auditor s Report 7 Consolidated
More informationAUDITED ANNUAL FINANCIAL STATEMENTS
smarter, sustainable solutions AUDITED ANNUAL FINANCIAL STATEMENTS for the year ended 31 December 2013 Audited Annual Financial Statements Directors responsibility statement and basis of preparation, approval
More informationIndorama Ventures Public Company Limited and its Subsidiaries
Indorama Ventures Public Company Limited and its Subsidiaries Financial statements for the year ended 31 December 2014 and Independent Auditor s Report Independent Auditor s Report To the Shareholders
More informationGood Construction Group (International) Limited
Good Construction Group (International) Limited International GAAP Illustrative financial statements for the year ended 31 December 2012 Based on International Financial Reporting Standards in issue at
More informationGROUP VALUE ADDED STATEMENT
50 51 GROUP SALIENT FEATURES 30 June N$ 000 s 30 June N$ 000 s % Change Revenue 2 160 067 1 797 071 20.2 Profit attributable to ordinary shareholders 221 954 211 287 5.0 Earnings per share (cents) 107.5
More informationCONTENTS. Directors responsibilities and approval 94. Company secretary s certification 94. Independent auditor s report 95. Directors report 96
CONTENTS Directors responsibilities and approval 94 Company secretary s certification 94 Independent auditor s report 95 Directors report 96 Consolidated statement of financial position 98 Consolidated
More informationOHLTHAVER & LIST F OR THE YE AR ENDED 30 JUNE 20 17
OHLTHAVER & LIST GROUP ANNUAL FINANCI AL F OR THE YE AR ENDED 30 JUNE 20 17 S TATEMENT S APPROVAL OF FINANCIAL STATEMENTS Responsibility Of Directors The Directors are responsible for the maintenance of
More informationCartrack Holdings Limited (Registration number 2005/036316/06) Consolidated Annual Financial Statements for the year ended 29 February 2016
Consolidated Annual Financial Statements for the year ended 29 February 2016 Grant Thornton Chartered Accountants (S.A.) Registered Auditors These consolidated annual financial statements have been audited
More informationMARTINREA INTERNATIONAL INC. CONSOLIDATED FINANCIAL STATEMENTS
MARTINREA INTERNATIONAL INC. CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2014 Table of Contents Page Management's responsibility for financial reporting 1 Independent auditor's report
More informationMARTINREA INTERNATIONAL INC. CONSOLIDATED FINANCIAL STATEMENTS
MARTINREA INTERNATIONAL INC. CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2015 Table of Contents Page Management's responsibility for financial reporting 1 Independent auditors report
More informationCara Operations Limited. Consolidated Financial Statements For the 52 weeks ended December 27, 2015 and December 30, 2014
Consolidated Financial Statements KPMG LLP Chartered Accountants Telephone (416) 777-8500 Bay Adelaide Centre Fax (416) 777-8818 333 Bay Street Suite 4600 Internet www.kpmg.ca Toronto ON M5H 2S5 Canada
More informationCaledonia Mining Corporation
MANAGEMENT S RESPONSIBILITY FOR FINANCIAL INFORMATION To the Shareholders of Caledonia Mining Corporation: Management has prepared the information and representations in this annual report. The consolidated
More informationConsolidated Financial Statements of ROGERS SUGAR INC. Years ended September 29, 2018 and September 30, 2017
Consolidated Financial Statements of ROGERS SUGAR INC. Years ended September 29, 2018 and September 30, 2017 KPMG LLP Telephone (514) 840-2100 600 de Maisonneuve Blvd. West Fax (514) 840-2187 Suite 1500,
More informationFrontier Rare Earths Limited
Frontier Rare Earths Limited Report and Consolidated Financial Statements for the year ended December 31, 2015 Table of Contents Page: Independent auditor s report 3 Statement of Directors Responsibilities
More informationth IFRS Consolidated Financial Statements
2461 2017 4th IFRS Consolidated Financial Statements Balance Sheet Balance Sheet Unit: NT$ thousand Accounting Title 2017/12/31 2016/12/31 Assets Current assets Cash and cash equivalents Total cash and
More informationJAPAUL OIL & MARITIME SERVICES PLC CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2014
CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2014 CONSOLIDATED FINANCIAL STATEMENTS Contents Page Report of the independent auditors 1 Consolidated statement of financial position 2 Consolidated statement
More informationBTS Group Holdings Public Company Limited and its subsidiaries Report and consolidated financial statements 31 March 2018
BTS Group Holdings Public Company Limited and its subsidiaries Report and consolidated financial statements 31 March 2018 Independent Auditor's Report To the Shareholders of BTS Group Holdings Public Company
More informationCara Operations Limited. Consolidated Financial Statements For the 53 weeks ended December 31, 2017 and 52 weeks ended December 25, 2016
Consolidated Financial Statements KPMG LLP Chartered Accountants Telephone (905) 265-5900 100 New Park Place, Suite 1400 Fax (905) 265-6390 Vaughan, ON L4K 0J3 Internet www.kpmg.ca Canada To the Shareholders
More informationGood First-time Adopter (International) Limited
Good First-time Adopter (International) Limited International GAAP Illustrative financial statements of a first-time adopter for the year ended 31 December 2011 Based on International Financial Reporting
More informationFor personal use only
FINANCIAL REPORT FOR THE FINANCIAL YEAR ENDED 30 JUNE 1 FINANCIAL STATEMENTS YEAR ENDED 30 JUNE CONTENTS Page Directors Responsibility Statement 3 Independent Auditor s Report 4 Consolidated Income Statement
More informationFor personal use only
To Company Announcements Office Facsimile 1300 135 638 Company ASX Limited Date 18 August 2016 From Helen Hardy Pages 199 Subject Full Year Results Financial Year Ended 30 June 2016 We attach the following
More informationErnst & Young IFRS Core Tools. January Good Insurance (International) Limited. statements for the year ended 31 December 2011
Ernst & Young IFRS Core Tools January 2012 Good Insurance (International) Limited statements for the year ended 31 December 2011 Based on International Financial Reporting Standards in issue at 30 September
More informationConsolidated Financial Statements (In Canadian dollars) MORNEAU SHEPELL INC. Years ended December 31, 2017 and 2016
Consolidated Financial Statements (In Canadian dollars) MORNEAU SHEPELL INC. To the Shareholders of Morneau Shepell Inc. KPMG LLP Telephone (416) 777-8500 Chartered Professional Accountants Fax (416) 777-8818
More informationIndependent Auditor s report to the members of Standard Chartered PLC
Financial statements and notes Independent Auditor s report to the members of Standard Chartered PLC For the year ended 31 December We have audited the financial statements of the Group (Standard Chartered
More informationASSETS 31 March December 2017
Condensed Consolidated Interim Balance Sheet as at 31 March 2018 Audited ASSETS 31 March 2018 31 December 2017 Current Assets Cash and Cash Equivalents 7.500 7.132 Financial Investments 198 736 Trade Receivables
More informationMorse Investments (Proprietary) Limited (Registration number 2006/255) Financial statements for the period ended 30 September, 2016
Financial statements for the period ended 30 September, 2016 General Information Country of incorporation and domicile Nature of business and principal activities Director Registered office Business address
More informationTotal cash and cash equivalents 4,256,691 4,114,055
Historical Financial Statement Balance Sheet Provided by: FSP Technology Inc. Finacial year: Yearly Accounting Title 2014/12/31 2013/12/31 Balance Sheet Assets Current assets Cash and cash equivalents
More informationOAO Silvinit. Consolidated Financial Statements for the year ended 31 December 2010
Consolidated Financial Statements for the year ended 31 December 2010 Contents Independent Auditors Report 3 Consolidated Statement of Comprehensive Income 4 Consolidated Statement of Financial Position
More informationMANAGEMENT S RESPONSIBILITY FOR FINANCIAL INFORMATION
MANAGEMENT S RESPONSIBILITY FOR FINANCIAL INFORMATION To the Shareholders of Caledonia Mining Corporation: Management has prepared the information and representations in these consolidated financial statements.
More informationFAR EASTERN NEW CENTURY CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (In Thousands of New Taiwan Dollars) June 30, 2015 (Reviewed) December 31, (Audited after Restated) June 30, January 1, (Audited after Restated) ASSETS Amount % Amount % Amount
More informationAUDITED ANNUAL FINANCIAL STATEMENTS
AUDITED ANNUAL FINANCIAL STATEMENTS CONTENTS 1 Directors responsibility statement 1 Certificate by the company secretary 2 Directors report 3 Audit and risk committee report 6 Independent auditor s report
More informationRANBAXY SOUTH AFRICA (PTY) LTD (Registration Number 1993/001413/07) Audited Consolidated and Separate Annual Financial Statements for the year ended
Audited Consolidated and Separate Annual Financial Statements for the year ended 31 March Audited Consolidated and Separate Annual Financial Statements for the year ended 31 March Index The reports and
More informationEBOS GROUP LIMITED INTERIM REPORT FOR THE SIX MONTHS ENDED 31 DECEMBER 2017
INTERIM REPORT FOR THE SIX MONTHS ENDED 31 DECEMBER 2017 INTERIM REPORT 2018 CONTENTS Page Summary of Consolidated Financial Highlights 1 Shareholder Calendar 1 Auditor s Independent Review Report 2 Condensed
More information282 Harmony Annual Report Company financial statements
282 Harmony Annual Report Company financial statements Company income statements Harmony Annual Report 283 Figures in million Note 2008 Revenue 3 538 2 423 Cost of sales 1 (2 756) (2 403) Production costs
More informationConsolidated Financial Statements of
Consolidated Financial Statements of For the years ended December 31, 2017 and 2016 KPMG LLP Telephone (403) 691-8000 205 5th Avenue SW Fax (403) 691-8008 Suite 3100 www.kpmg.ca Calgary AB T2P 4B9 To the
More informationConsolidated annual financial statements. For the year ended 31 March 2016
1 Consolidated annual financial statements For the year ended 31 March 2 3 Contents Seamlessly connecting South Africans to a better life 01 Consolidated annual - 31 March 04 Directors responsibility statement
More informationVUE INTERNATIONAL BIDCO PLC
Registered number: 08514872 VUE INTERNATIONAL BIDCO PLC UNAUDITED FINANCIAL STATEMENTS FOR THE 3 MONTHS ENDED 28 FEBRUARY INTERIM CONDENSED CONSOLIDATED INCOME STATEMENT (unaudited) FOR THE PERIOD ENDED
More informationConsolidated Financial Statements of RITCHIE BROS. AUCTIONEERS INCORPORATED
Consolidated Financial Statements of RITCHIE BROS. AUCTIONEERS INCORPORATED Ernst & Young LLP Pacific Centre 700 West Georgia Street PO Box 10101 Vancouver, BC V7Y 1C7 Tel: +1 604 891 8200 Fax: +1 604
More informationRCS GROUP CONSOLIDATED FINANCIAL STATEMENTS
2015 RCS GROUP CONSOLIDATED FINANCIAL STATEMENTS EXPANDING OUR PARTNER NETWORK CONTENTS Directors Responsibility Statement and Company Secretary Statement 02 Directors Report 03 04 Audit Committee Report
More informationKUWAIT BUSINESS TOWN REAL ESTATE COMPANY K.S.C. (CLOSED) AND ITS SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012
KUWAIT BUSINESS TOWN REAL ESTATE COMPANY K.S.C. (CLOSED) AND ITS SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 Ernst & Young Al Aiban, Al Osaimi & Partners P.O. Box 74 Safat 13001 Safat,
More informationCONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER Prepared under International Financial Reporting Standards ( IFRS )
37 CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2005 Prepared under International Financial Reporting Standards ( IFRS ) 38 Consolidated financial statements - 31 December 2005 Index to the consolidated
More informationCONSOLIDATED ANNUAL FINANCIAL STATEMENTS 2016
CONSOLIDATED ANNUAL FINANCIAL STATEMENTS 2016 FOR THE YEAR ENDING 29 FEBRUARY FLEET MANAGEMENT STOLEN VEHICLE RECOVERY INSURANCE TELEMATICS Contents The reports and statements set out below comprise the
More informationAPPROVAL OF FINANCIAL FINANCIAL REVIEW STATEMENTS ACCOUNTING POLICIES
Financial Review... Approval of Financial Statements... APPROVAL OF FINANCIAL FINANCIAL REVIEW STATEMENTS 56 ACCOUNTING POLICIES Revenue Consolidated revenue increased by 10% to N$2,383.4 million from
More informationManagement s Responsibility for Financial Reporting
Management s Responsibility for Financial Reporting The consolidated financial statements of and the information contained in the annual report have been prepared by and are the responsibility of the Company
More informationFINANCIAL STATEMENTS
FINANCIAL STATEMENTS CONTENT Statement of comprehensive income 39 Balance sheet 40 Statement of changes in equity 41 Cash flow statement 42 S TO THE FINANCIAL STATEMENTS 1 Summary of significant accounting
More informationIndependent Auditors Review Report
3 Independent Auditors Review Report To COMPAL ELECTRONICS, INC.: Introduction We have reviewed the accompanying consolidated balance sheets of the COMPAL ELECTRONICS, INC. and its subsidiaries of September
More informationAudited Annual financial statements 2015
Audited Annual financial statements CONTENTS 1 Directors responsibility statement 1 Certificate by the company secretary 2 Directors report 3 Audit and risk committee report 6 Independent auditor s report
More informationATICO MINING CORPORATION. CONSOLIDATED FINANCIAL STATEMENTS (Expressed in United States Dollars)
CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2017 INDEPENDENT AUDITORS' REPORT To the Shareholders of Atico Mining Corporation We have audited the accompanying consolidated financial statements of Atico
More informationst IFRS Consolidated Financial Statements
2461 2018 1st IFRS Consolidated Financial Statements Balance Sheet Balance Sheet Unit: NT$ thousand Accounting Title 2018/03/31 2017/12/31 2017/03/31 Assets Current assets Cash and cash equivalents 1,552,283
More informationFor personal use only
Chandler Macleod Group Limited and its controlled entities ABN 33 090 555 052 Half-Year Report for the six months ended 31 December 2011 CHANDLER MACLEOD GROUP LIMITED HALF YEAR REPORT Contents Corporate
More informationSTRENGTH BEYOND THE BAG
STRENGTH BEYOND THE BAG 30 PPC Ltd Consolidated statement of financial position as at 30 September ASSETS Non-current assets 6 411 4 998 Property, plant and equipment 1 5 522 4 483 Goodwill 2 101 6 Other
More information22 ANNUAL REPORT 2013
INDEPENDENT AUDITORS TO THE MEMBERS OF HFC BANK GROUP 22 Report on the financial statements We have audited the accompanying financial statements of HFC Bank (Ghana) Limited, (the Bank) and its subsidiaries
More informationTHE SRI LANKAN SCHOOL, MUSCAT
Financial statements 31 August 2015 Registered office and principal place of business: P.O. Box 2433, PC 112, Wadi Kabir, Sultanate of Oman Financial statements 31 August 2015 Contents Page Report of the
More informationTotal assets Total equity Total liabilities
Group balance sheet as at 31 December Notes R 000 R 000 ASSETS Non-current assets Property, plant and equipment 3 3 263 500 3 166 800 Intangible assets 4 69 086 66 917 Retirement benefit asset 26 117 397
More informationONE CARIBBEAN MEDIA LIMITED ANNUAL REPORT 2016 Page 29
ANNUAL REPORT 2016 Page 29 One Caribbean Media Limited and its subsidiaries Statement of Management s Responsibilities Management is responsible for the following: Preparing and fairly presenting the accompanying
More information